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       Tuesday 
   July 22, 2008

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Tax relief damaging–WB

PRESIDENT GLORIA ARROYO (top photo) on Monday picks ripe Jatropha, whose seeds are an alternative source of bio-diesel. Surging fuel prices are making people look at all sorts of alternatives, like taking the Metro Rail Transit (bottom photo).
Photos By Malacañang and Ruy Martinez

Break signaled giving up on fiscal targets

A tax exemption granted recently by the government to minimum-wage earners could damage the Philippines’ macroeconomic gains, the World Bank warned.

“I truly believe that the macroeconomic effect of [the tax relief] will be more damaging because what would happen is that the Philippines will signal that it would give up a little bit some fiscal consolidation,” Bert Hofman, World Bank country director for the Philippines, told reporters on Monday.

Full Story>> 

 

The government, Pilipinas Shell Petroleum Corp. and the Lopez Group have initiated talks on the possibility of converting an existing oil pipeline that will make compressed natural gas (CNG) available to the transport sector.

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T O P   S T O R I E S

·  Palace probes price gouging by oil firms
·  Pasig River ferries pull in cost-wary Pinoys in droves
· 

Warning: That fuel-saving gadget may be a lemon

· Deserving winners, big disappointments in Cinemalaya film festival
· RP wildlife threatened or endangered
   

M E T R O

The Senate must concur with the ratification of the Japan-Philippine Economic Partnership Agreement (JPEPA) before November or it will be left behind by the rest of the Southeast Asian nations, Sen. Mar Roxas said Monday.

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R E G I O N S

The offer is equivalent to P240 per metric ton, which translates to an annual savings of P700 million for MMDA

Rodriguez, Rizal: Mayor Pedro Cuerpo on Monday challenged Metro Manila Development Authority (MMDA) Chairman Bayani Fernando to accept his offer to use the Montalban landfill if “he is serious with his desire” to decongest the Metropolis and end its decades-old garbage problem.

Full Story>>

 

B U S I N E S S

PROPERTY research firms warned of a looming glut in the business process outsourcing (BPO) office space and condominium segments of the local industry.

Full Story>>

  

S P O R T S

SOUTHPORT, England: Padraig Harrington became the first European in over a century to retain the British Open title with a nerveless display down the stretch at Royal Birkdale on Sunday.

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T E C H   T I M E S

New high-tech Japanese electronic display can instantly identify people's sex or age range and target them with advertisements to suit them, maker NEC Corp. said Friday.

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Special Report
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OPINION

EDITORIAL
Letting the “differently able” excel like Mabini

Today is the end of the National Disability Prevention and Rehabilitation, or NDPR, Week. Since July 19 various programs all over the country have been celebrating the 30th year that the National Disability Prevention and Rehabilitation movement has devoted seven days to highlight the necessary work in Philippine society to make opportunities for improvement and achieving excellence accessible to persons with disabilities.

Full Story>> 
·

Ernesto F. Herrera: Surveys are nice if and when

· Julius F. Fortuna: Citizenship case in Negros Oriental
· Tony Lopez: Dinner with President Arroyo (2)
· Alfredo G. Rosario: Integrity in the car insurance business
· Marit Stinus-Remonde: Vicious, hateful, deceitful campaign
· Alito L. Malinao: Where does charity begin?

Business Columns

·

Enrique Antonio B. Reyes, RPH, MBA: Towards corporate enlightenment

.

World

Myanmar, border crisis top Asean talks

SINGAPORE: Political prisoners in Myanmar and a Thai-Cambodia border crisis dominated talks between Southeast Asian foreign ministers Monday, pushing a bold new EU-style charter to the sidelines.

.

Full Story>>

Life & Times

Dancing in the rain
Pinikpikan wows the world


In the middle of rainforest in Borneo, hundreds of people from across the world—from the blond and blue-eyed, to the ebony-skinned, to the sun-tanned—all became gloriously mud-brown.

.

Full Story>>

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